II. The following are the transactions of Joe Saguisag, A CPA Lawyer, for the first month of operation of his office: September 1 Mr. Joe Saguisag established his business with a cash investment of P100,000 and P12,000 in equipment, on which there was an unpaid balance of P2,000. The liability is to be assumed by the business. 3 Paid rent for the month, P7,500. 5 Purchased used automobile for P130,000, paying P50,000 cash and a non-interest bearing note for the remainder. 8 Paid P2,250 cash for supplies purchased. 10 12 15 Received cash from various clients for legal services rendered, P15,250. Paid the account due on the equipment. Billed Santos Co. for tax preparations, P4,500. Client gave a note promising to pay before the end of the month. Withdrew cash for personal use, P500. 18 20 Received cash from various customers for accounting services rendered, P12,500. 23 Bought furniture on account, P3,200 from Bautista Furniture. 25 25 27 30 Returned a defective table for P200 to Bautista Furniture which was deducted from the liability. Collected the note of Santos. Paid for the salaries of the secretary, P6,000 and for the bookkeeper, P8,000. Required: Analyze the above transactions. Prepare (a) journal, (b) t-accounts, (c) unadjusted trial balance, (d) income statement, and (e) balance sheet